Is VICI Properties, Inc. overvalued or undervalued?

As of 3 May 2024, VICI Properties, Inc. has moved from an attractive to a very attractive valuation grade. The company is currently undervalued, with a P/E ratio of 13, significantly lower than the industry average. Key ratios include an EV to EBITDA of 9.41 and a dividend yield of 521.88%, which highlights its strong income potential relative to its price.
In comparison to its peers, VICI Properties stands out favorably; for instance, American Tower Corp. has a P/E of 34.12, while Realty Income Corp. shows a P/E of 37.02. This indicates that VICI is trading at a much lower valuation compared to these companies, reinforcing its status as undervalued. Additionally, VICI's recent stock performance has outpaced the S&P 500, with a year-to-date return of 12.32% compared to the index's 2.44%, further supporting the attractiveness of its current valuation.